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20121201
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strike that could set down more than a dozen along the east coast. law americas say if workers strike it would end up costing billions of dollars and hundreds of thousands of jobs. that strike could begin as early as sunday after current union contracts expire. more than 14,000 workers that handle 95 percent of the cargo on the east coast are expect to do walk off the job. >> fan me m-- fannie mae and freddie make are taking on high risk loans. the government backed mortgage companies would be allowed to charge higher interest rates in return to guaranteeing loans at risk of defaulting. the proposal would have to be approved congress. >>> president obama is spending christmas with some of the nation's bravest men and women. greeting marines at a gays near their vacation home in hawaii paying tribute to them and their family. an annual vacation tradition for president obama. that is your 5@5:00. >>> speaking of the president. fox news confirming he will be cutting his vacation short to get back to work on the fiscal cliff. peter doocy has more. >> president obama will departed hawaii f
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